#$vlo

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Citigroup, Ticker: $C

Citigroup, $C, comes into the week pushing up to resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, comes into the week pushing on resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Hilton Worldwide, Ticker: $HLT

Hilton Worldwide, $HLT, comes into the week at resistance at an all-time high. The RSI is in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week at short term resistance. It has a RSI rising off the midline with the MACD crossed up. Look for a push over resistance to participate…..

Zscaler, Ticker: $ZS

Zscaler, $ZS, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the 2nd Quarter of 2024 in the books and heading into the holiday shortened week, saw equity markets showing resilience with a rebound from a pullback and large caps and tech names holding at the highs.

Elsewhere look for Gold to continue its consolidation after the record move higher while Crude Oil consolidates in a broad range. The US Dollar Index continues the short term move to the upside while US Treasuries continue in their secular downtrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate under long term resistance.

Here's where Valero Energy's stock price is headed after six runs at $140/share.... #vlo #valero #xle #bulls #bears #sp500 #earnings #stockmarket #spy #newsletter #QQQ

SINCE JUNE OF 2022, VALERO ENERGY’S STOCK PRICE HAS FAILED MULTIPLE TIMES AT $140/SHARE. HERE’S WHAT SUCCESSFULLY CLOSING ABOVE $140 COULD MEAN FOR THE STOCK. Since June of 2022, Valero Energy (Ticker: VLO) has attempted to cross $140/share at least 6 times. Typically three runs at a price point (high or low) is considered significant and warrants a close watch. It’s not often a stock attempts…

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Aflac, Ticker: $AFL

Aflac, $AFL, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

DaVita, Ticker: $DVA

DaVita, $DVA, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

First Solar, Ticker: $FSLR

First Solar, $FSLR, comes into the week rounding higher. The RSI is at the midline with the MACD crossing up. Look for continuation to participate…..

UPS, Ticker: $UPS

UPS, $UPS, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance too participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the 2nd Quarter in the books, saw equity markets showed strength reversing the pull backs from the prior week.

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to drift to the upside in consolidation while US Treasuries churn in their own consolidation range. The Shanghai Composite looks to continue the slow drift lower while Emerging Markets consolidate.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week at resistance. It has a RSI in the bullish zone and MACD positive. Look for a push over resistance to participate…..

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week falling to support. It has a RSI on the edge of the bearish zone with the MACD negative. Look for a drop through support to participate…..

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, comes into the week moving toward resistance. It has a RSI rising with the MACD negative but rising. Look for a push over resistance to participate…..

Block, Ticker: $SQ

Block, $SQ, comes into the week at a 5 month high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week approaching the June high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with January options expiration in the books, saw equity markets showed resilience overcoming a strong move lower midweek.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the downside while US Treasuries are trying to mount a short term uptrend. The Shanghai Composite is in a short term uptrend while Emerging Markets continue their trend higher.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week breaking support. It has a RSI falling in the bearish zone with the MACD negative and dropping. Look for continuation to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week with a bearish engulfing candle, moving lower. The RSI is dropping in the bearish zone with the MACD negative and falling. Look for continuation to participate….

IQVIA, Ticker: $IQV

IQVIA, $IQV, comes into the week starting another leg lower from the top in December. The RSI is falling in the bearish zone with the MACD negative and falling. Look for continuation to participate…..

Target, Ticker: $TGT

Target, $TGT, comes into the week dropping from a lower high. The RSI is falling with the MACD level at zero. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week testing the February high. It has a RSI rising in the bullish zone and the MACD crossed up and positive. Look for a push higher to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into March options expiration, saw equity markets continue to show weakness in choppy trading. The coming week will likely be headline driven again with the Ukraine – Russia conflict and the FOMC meeting adding volatility.

Elsewhere look for Gold to continue its uptrend while Crude Oil pulls back in its uptrend. The US Dollar Index continues to move to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to have established a downtrend while Emerging Markets continue their move lower.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

American Express, Ticker: $AXP

American Express, $AXP, gapped up in November and has continued to move higher. It pulled back from a top early in May and has now moved back to that top. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Herc, Ticker: $HRI

Herc, $HRI, made a top in early May and then pulled back to the 50 day SMA. It is now moving higher with the RSI rising in the bullish zone and the MACD crossed up. Look for continuation to participate…..

Moderna, Ticker: $MNRA

Moderna, $MNRA, has been trading in a tightening triangle since the beginning of the year. It has a RSI rising in the bullish zone with the MACD crossed up and climbing. Look for a push over resistance to participate…..

Starbucks, Ticker: $SBUX

Starbucks, $SBUX, pulled back after making a top in April, finding support under the 50 day SMA. It is moving higher now with the RSI rising toward the bullish zone and the MACD crossing up. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, started higher at the end of October and made a top in March. After pulling back, it has reversed and moved back to that top where it consolidates. The RSI is holding in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the month of May now in the books, saw equity markets continue to show resilience, holding in consolidation near all-time highs.

Elsewhere look for Gold to continue its move higher while Crude Oil possibly resumes its uptrend. The US Dollar Index looks to continues to move lower while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend higher while Emerging Markets consolidate in their uptrend.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Avantor, Ticker: $AVTR

Avantor, $AVTR, ran higher in a strong uptrend along the 50 day SMA from March 2020 for nearly a year. After pulling back in March this year it stated higher again and is bouncing off the 50 day SMA again. The RSI is rising and the MACD curling to reverse higher. Look for continuation to participate…..

BP, Ticker: $BP

BP, $BP, rose off an October low and met resistance in March. It has consolidated under that level since. The RSI is in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

M&T Bank, Ticker: $MTB

M&T Bank, $MTB, had a hard time moving off the pandemic low, not really moving up until November. Since then, it ran to a top at the end of February and pulled back. Now it is breaking to a new high. The RSI is rising in the bullish zone with the MACD lifting and positive. Look for continuation to participate…..

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, rose out of consolidation and has continued to move higher to a top last week. It ended the week reversing a pullback with the RSI rising in the bullish zone and the MACD turning up after resetting lower. Look for continuation to participate…..

Valero, Ticker: $VLO

Valero, $VLO, rose off a November low and, after a pause as it cleared the 200 day SMA, continued to a top in March. After a pullback and consolidation it reversed and is now back at that top. The RSI is holding in the bullish zone with the MACD flat but positive. Look for a move over resistance to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into May options expiration week, sees equities markets have become mixed.

Elsewhere look for Gold to continue its move higher while Crude Oil consolidates in a tight range. The US Dollar Index resumes its move to the downside while US Treasuries consolidate in their pullback. The Shanghai Composite looks to continue to mark time moving sideways while Emerging Markets consolidate just under the February highs.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Celgene, Ticker: $CELG

Celgene, $CELG, gapped higher in January and then settled into a more of a drift, mostly sideways. It is currently moving over the 20 day SMA toward the highs. The RSI is turning up in the bullish zone with the MACD leveling and positive. Look for a push higher to participate…..

Graphic Packaging, Ticker: $GPK

Graphic Packaging, $GPK, rose out of a double bottom at the end of January. It paused there for 2 months then continued higher in a series of steps and pullback to a top in July. The drop from there retested the 200 day SMA and reversed in August. It paused as it broke the June and July highs and Friday started a second move higher. The RSI is rising in the bullish zone with the MACD rising and positive. Look for continuation to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, rose from a December low and made a top in July. It pulled back from there, touching the 200 day SMA, and then reversed. It rose to a lower high and then digested that with a pullback into consolidation. Friday it ended at the top of that consolidation. The RSI is holding in the bullish zone with the MACD flat at zero. Look for a new push higher to participate…..

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, went through a long broad consolidation From October last year until dropping lower in August. It confirmed a double bottom as it rose higher in September and enters the week breaking short term resistance. The RSI is rising and bullish with the MACD turning back up. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, bottomed after a long move lower in December. It bounced and moved to a peak at the end of April only to fall back again. Another bounce found a lower high before another downturn. It is rising out of that drop now and in short term consolidation. The RSI is holding in the bullish zone with the MACD flat and positive. Look for a push higher to participate…..

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with 1 trading day left in the 3rd Quarter, sees equities are continuing to give no strong preference for direction, but are continuing to weather the headlines.

Elsewhere look for Gold to consolidate around 1500 while Crude Oil pulls back in consolidation. The US Dollar Index is rising in a channel while US Treasuries pause in their bounce. The Shanghai Composite and Emerging Markets both look to continue lower.